According to a recent report the Centre for Economics and Business Research stated that Derby's economy had shown 2.3 per cent growth as a result of its exposure to international markets. They also predict that, over the next decade, Derby will boast the fastest growing city economy in the East Midlands. According to the Derby city council, the past decade has seen the creation of 6,100 new jobs in Derby. The engineering sector is a significant contributor, as is the retail sector. Average wage rises are also evident. Flat rentals on average range from £460 for one bedroom to £599 for three bedrooms. Derby has a deaf population around three times higher than the national average, making it a prime location for people who rely on sign language to seek employment.
Derby Job Opportunities
Engineering is a leading sector of the city's economy and engineering jobs in Derby generally include numerous and varied employment positions. Rolls Royce is the city's largest private sector employer with around 12,000 staff according to the company's own website. Toyota has its UK headquarters here, providing around 3,800 jobs. Overall, requirements vary from highly skilled managerial positions to unskilled workshop operatives. IT jobs in Derby are generally available across the whole spectrum. Sales jobs in Derby are numerous, with executive salaries ranging from £35,000 to £70,000 per year, while that of sales representatives varies significantly depending on travel and duties. Those seeking part-time or seasonal employment are also generally well catered for.
Derby Employment Trends
Along with Nottingham, Derby has slightly lower numbers of highly skilled job opportunities compared to the rest of the UK. This is according to a 2013 survey by the UK Commission for Employment and Skills, which found that 39 per cent of Derby employment opportunities existed in occupations such as professionals, associate professionals and managers. Middle-ranking jobs fared slightly better than the UK average at 32 per cent, while the lowest-skilled jobs ranked slightly higher. However, formal apprenticeships are now being offered by 40 per cent of all employers in the area, which is higher than the national average of 35 per cent.